Pros and Cons of Casino Cashback Bonuses
A safety net for players
Very easy to use
Come with minimal restrictions
Attract friendly wagering requirements
Automatically calculated at the end of the period
Minimal profitability
It may have a cap (depending on the casino)
Casinos offer bonuses for various reasons. One of the most popular ones is to differentiate themselves from competitors and to attract new players. By having attractive offers such as cashback bonuses, they can catch the attention of potential players thus giving them a competitive edge. Casino cashbacks are a cushion for the losses that one makes while gambling.
As stated above, these bonuses are a percentage of the total losses ranging from 5% to 25% depending on the platform. While they are not the best or most profitable offering at a casino, they offer you more finances to play your favourite games. Here are a few things you must know about these cashback bonuses.
How Do We Rate Casino Cashback Bonuses?
As experts in the field, we have various elements that we look out for when rating cashback bonuses. One of the most important things is the play-through requirements. Like any other offer, cashback bonuses may attract a standard rollover requirement. The best are those without high wagering requirements. We also check the payout restrictions as well as the eligible games. Some casinos may limit the payouts and the games thus making it hard for you to maximise your cashback bonus.
What Is a Casino Cashback Bonus and How Does it Work?
By definition, a casino cashback bonus is a refund that players get after losing. It is a percentage of their net losses or wagers over a stipulated period. Some casinos offer cashback bonuses and work with a daily timeframe while others are on the monthly loop. The bonuses are meant to encourage you to continue playing and offer consolation after making losses while playing. Therefore, cashback bonuses are most common in real money online casinos.
Explore Our List of the Top Casino Cashback Bonuses of 2024
Top Casino Cashback Bonuses of [year]
iWild Casino
3,500€ Bonus + 290 Free Spins
| ⚡️ iWild Casino RTP: | 93.50% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | visa, mastercard, neteller, skrill, giropay, sofortuberweisung, bankuberweisungen, paysafecard, bitcoin, zimpler, applepay, ethereum, ripple, litecoin, interac |
| 🎰 Number of Casino Games: | 13 |
| 🎁 Bonus Offer: | 3,500€ Bonus + 290 Free Spins |
Pros & Cons
Generous welcome package
Wide range of games
Riveting cashback bonuses
Leading software providers
Premium platform
Wagering requirements
Withdrawal times
iWild Casino has cashback bonuses ranging from 10% to 15% depending on the VIP level of the player. When writing this review, the bonus is available every Monday to registered users. The minimum bonus amount is $10 while there is no cap on the maximum end.
iWild Casino Bonus
Welcome Bonus Up to 3,500€
+10
Accepted
BO20
Roobet
Welcome Bonus Up to 1,400$
| ⚡️ Roobet RTP: | 94.40% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | visa, mastercard, bitcoin, astropay, applepay, pix, binancecoin, solana, monero |
| 🎰 Number of Casino Games: | 9 |
| 🎁 Bonus Offer: | Welcome Bonus Up to 1,400$ |
Pros & Cons
Reliable customer support
Trustworthy platform
Many gaming options
Live casino
Cryptocurrency accepted
Some bonuses come with conditions
Geo restrictions may apply
At the Roobet Casino, players are eligible for a 20% cashback offer over 7 days as a new player. This means that for every loss you get, Roobet gives you back 20% of your winnings. It is paid once per business day and the cashback you accumulate over a weekend will be sent to you within 2 working days.
Roobet Bonus
Welcome Bonus Up to 1,400$
+4
Accepted
CryptoLeo
Welcome Bonus Up to 5,000₮
| ⚡️ CryptoLeo RTP: | 96.50% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | visa, mastercard, bitcoin, applepay, ethereum, dogecoin, litecoin, tron, cardano, shibainu, binancecoin, tether, solana, nodapay |
| 🎰 Number of Casino Games: | 10 |
| 🎁 Bonus Offer: | Welcome Bonus Up to 5,000₮ |
Pros & Cons
Cryptocurrency accepted
Hefty welcome package
Live casino
Loyal customers bonuses
Various games
Wagering requirements
Slow withdrawal
CryptoLeo Casino has a daily wager free cashback between 5% and 25% when you play slots. It depends on the amount you wager at the casino. The cash is automatically credited back into your account and you can proceed to withdraw or rewager as it has no requirements attached.
CryptoLeo Bonus
Welcome Bonus Up to 5,000₮
+9
Accepted
Bets.io
1₿ Bonus + 100 Free Spins
| ⚡️ Bets.io RTP: | 95.40% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | visa, mastercard, bitcoin, applepay, binancecoin, tether, solana, monero |
| 🎰 Number of Casino Games: | 14 |
| 🎁 Bonus Offer: | 1₿ Bonus + 100 Free Spins |
Pros & Cons
Premium gambling products
Leading software providers
Thousands of happy players
VIP program
Many bonuses
Slow customer support
Geo restrictions
Bets.io Casino has a running cashback offer for up to 10% of your daily wagers. The bonus only has one rule; the more you play, the more Bets.io Casino credits your account. It is credited every day which means that when you play today, you receive your cashback the next day.
Bets.io Bonus
Welcome Bonus Up to 1₿
+3
Accepted
BETSFTD
Mystake
1,000€ Bonus + 20 Free Spins
| ⚡️ Mystake RTP: | 94.40% |
| ⏱️ Payout Time: | 1-3 Days |
| 💰 Payment Methods: | visa, mastercard, neteller, skrill, amexpress, dinersclub, webmoney, paysafecard, ecopayz, bitcoin, qiwi, astropay, binancecoin, solana, jcbcard |
| 🎰 Number of Casino Games: | 14 |
| 🎁 Bonus Offer: | 1,000€ Bonus + 20 Free Spins |
Pros & Cons
Crypt payments accepted
Generous deposit bonus
Loyalty program
Wide variety of games
Customer support
Slow withdrawals
Wagering requirement
The MyStake Casino cashback offer is only eligible for existing customers. It falls under the MyStake Loyalty program whereby customers who deposit more than $100 get a cashback of 10%. It is capped at $500 and attracts a wagering requirement of 45X.
Mystake Bonus
Welcome Bonus Up to 1,000€
+10
Accepted
NSL20
What Makes Casino Cashback Bonuses So Popular in 2024?
Cashback casino offers are refunds on a proportion of the losses you make. As opposed to the welcome offers, these are usually reward offers for loyalty in most online casinos. The cashback offers hugely vary depending on the casino as you have seen above.
For instance, one casino may have a 10% cashback offer on Mondays while another compiles the cashback offer at 25% for the monthly losses. They are popular as they seek to encourage continued play. They are a point of competition for casinos as most players will be looking for these perks.
Most Popular Types of Casino Cashback Bonuses
While cashback bonuses are refund offers, they come in different forms. Here are some of the most popular options you can find at casinos.
Monthly Casino Cashback Bonus
Monthly cashback bonuses cover the entire month. Once the month ends, the casino calculates based on the percentage of the net losses and credits your account with the funds. Since it is accumulated over a long time, this type of cashback results in higher profits if you usually play often. It is among the most popular bonuses in the gambling scene.
Short-term Casino Cashback Bonus
As the name suggests, short-term cashback casinos run over a short time. It could be weekly or even daily depending on the casino. The weekly cashback offer covers seven days. After the week is over, the casino will credit your account with the cash. On the other hand, the daily cover runs for 24 hours. If you have lost during the day, you get the percentage at the start of a new day. These short-term offers may have a lower percentage as compared to the monthly offers.
All-losses Casino Cashback Bonus
Most casinos give you the chance to activate your cashback bonuses on all the losses you make. The net calculation is done on all the cash regardless of the games one plays. The terms are usually specified under the casino thus the need to read the fine print. While they are not the most common, they are a lucrative deal to reward loyalty.
Specific Games Casino Cashback Bonus
These are cashback offers on particular games as determined by a particular casino. For instance, one casino may have a 5% cashback on all blackjack games. This means that they are the only ones eligible for the cashback. If you play blackjack and baccarat at the casino, only the blackjack games attract the bonus. Like any other bonus, you must read the terms to know what games are exempt.
Progressive Casino Cashback Bonus
A casino may organise a level-up promotion with a cashback bonus attached as the main prize. For this offer, players will get cashback based on their game levels. The higher a player's level, the more the cashback offer they can get. For instance, the conditions may be that a beginner gets a cashback of 5% while the maximum level attracts 100% cashback. The progressive offer aims at making players wager more.
Deposits Casino Cashback Bonus
Cashbacks on deposits or deposit bonus are a little different from the usual. While the others are mostly for existing clients, this is an offer suitable for new customers. Upon making your first deposit, some casinos may offer a percentage of your funds back as a welcome bonus. It works as a cushion to your initial deposit. For instance, if a casino has a 15% cashback on deposits, you will get it back after wagering and losing the wager.
Live Casino Cashback Bonus
The live casino cashback bonus only applies to live dealer games. This means that if you play live baccarat, live blackjack, and live roulette, you are eligible. Depending on the casino, you may receive the cashback as free spins, bonus codes, or even hard cash.
Best Games to Claim a Casino Cashback Bonus
Top Casino Cashback Slots
Slot games are among the popular types of casino games you will find on gambling platforms. These games employ the concept of spinning reels to create winning combinations. Cashbacks on slot games allow you to enjoy these games and get a refund upon losing. You only need to confirm the eligible slots on your selected casino.
Top Cashback Casino Blackjack
Cashbacks on blackjack imply that you can cash out early without losing everything on the blackjack table. This is a great approach if you think the dealer has a high chance of winning. If the cashbacks are available on blackjack, you will have it as an option on your playable hands.
Best Casino Cashback Roulette
As already determined, cashbacks are meant to cushion a player from losing everything. If a casino has a 10% cashback on roulette games, it means that you get back that particular amount after the stipulated period. For example, if you lose $100 during your game, you get back $10 to keep you playing.
Best Casino Cashback Baccarat
Baccarat is another popular table game whereby a player bets on two hands. They have to bet on the one that is closest to nine. Having cashbacks on baccarat allows you to bet on more games. Most of these offers are exclusive to particular baccarat variations thus the need to confirm with your selected casino.
Top Cashback Casino Video Poker
Video poker is a casino game that is based on five-card draw poker. In most cases, it qualifies as a table game and can also be eligible for cashback. Some casinos offer these offers on particular poker rooms which may be regular or live variations. It allows players to get back a portion of their poker rakes.
Top Cashback Casino Crash Games
Crash games are a relatively new addition to the gambling scene. While they are mostly found in crypto casinos, you can also find them on the fiat platforms. The concept of the game is that players must cash out before the multipliers crash. If a casino offers cashback on crash games, you get a percentage of your bet so you can continue playing.
Other Cashback Casino Games
Even though the above are the most popular game categories with cashback offers, casinos have additional games that could be eligible for the offers. This includes variations such as craps and game shows. To know the available cashback games at a particular casino, simply check the bonus’ terms and conditions.
Steps to Bagging a Casino Cashback Bonus
1.
Choose Your Desired Casino
Start by choosing a casino that offers cashback bonuses. Most of these casinos’ information is accessible even without having to create an account.
2.
Create an Account
Once you settle on a casino, register and create your account. The criteria for creating an account include giving your email address and choosing a username and password. These are details that you will need when logging in.
3.
Make a Deposit
With the account ready, proceed to make a qualifying min deposit. If a casino has a minimum deposit of $20, it means that you must deposit that or more.
4.
Understand the Set Requirements
Every casino runs on different terms and conditions. You can find this information at the bottom of the casino pages. It should give you insights into the particular requirements set for the cashback bonuses.
5.
Meet the Wagering Criteria
Like any other bonus, cashbacks attract wagering requirements. For instance, if a casino cashback bonus has a wagering requirement of 40X, it means that you must use the bonus at least 40 times before you can proceed to withdraw your winnings.
6.
Claim and Withdraw
After wagering the bonus on the stipulated requirements, you are free to withdraw your winnings. If for any reason you are unable to withdraw (even after fulfilling the requirements), get in touch with your casino’s support team.
❓Casino Cashback Bonuses FAQ
A cashback casino bonus is a refund reward players get after losing after a particular timeframe. Most casinos have monthly and weekly cashback bonuses to encourage players to keep playing even after losing. For instance, if a casino has a monthly cashback offer of 30%, it means a player receives 30% of their net losses for every month.
The legality of bonuses is hugely tied to a casino’s licensing. If a casino is legal in your jurisdiction, then all the offers and bonuses it has are legal. Ensure you confirm the licensing and authorities that back your selected casino before signing up. It is the only way you can ensure that you are getting legal bonuses.
Yes, you can claim free cashback bonuses at casinos. However, like any other bonus, you must confirm whether your selected casino offers it. In case of any confusion, feel free to reach out to your selected casino’s customer support team for assistance as they all operate differently.
There are various ways to find the top cashback casino bonuses in your jurisdiction. The first one is searching on cashback bonus review platforms such as this one. As seen above, we discussed the best offers at the moment. Since this keeps changing, ensure you keep an eye to know how these offers change over time.
Cashback bonuses at casinos are a safety net for players. It is an assurance that even after losing, they get a particular percentage back to continue enjoying their preferred games. The bonuses are also very easy to use and often come with minimal restrictions as compared to the other casino offerings.
The biggest disadvantage with these cashback bonuses is their profitability. The amount of money you get back hugely relies on the amount you have wagered within the stipulated timeframe. For you to earn more cashback, you must wager more. If the cashback is set at 15%, the person who wagers $1000 will get more than the one who wagers $100.
As long as you wager on a reputable and licensed casino, your cashback bonuses will be safe. Look out for any fraud signs before signing up at any casino. Similar to any other online dealings, you must safeguard your personal and payment details. A casino will not be liable if you lose money or incur losses from identity theft when trying to go after cash back offers.
Most bonuses attract wagering requirements. While cashback bonuses attract minimal restrictions, they may still have wagering requirements attached to them. Ensure you read through the terms and conditions provided at your selected casino to know how friendly the requirements are.
The restrictions on casino cashback bonuses vary from one casino to another. For instance, you may be restricted on the games to play with the cashback. Like the wagering requirements, you must confirm directly from your selected casino.
There are cashback bonuses that are meant for new while others are for existing players. For instance, the new deposit cashback offers are directed to new players. Other cashback offers such as VIP cashbacks or progressive cashbacks can only be claimed by existing customers.
As mentioned above, every casino has its terms and conditions for operations. To know whether the cashback bonus can be used for all casino games, you have to check the fine print. Some specify that the bonus is for particular games while others cover all losses regardless of the gaming options you choose.